Find the periodic payments pmt necessary to accumulate the given amount in an annuity account. (assume end-of-period deposits and compounding at the same intervals as deposits. round your answer to the nearest cent.) $30,000 in a fund paying 2% per year, with monthly payments for 10 years

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.